99.50 next or 15% from here .. Followed the path i thought it would and reloaded at 86.15 now looking for it to try and reclaim its uptrend line which i feel it should and carry on to 104.25 and most likely try for 116 which would be wicked however going to play this level by level and expecting a pull back from 99.50.
Hope it gets its groove on from here quick otherwise may cut this loose since i see some other tempting setup's.
SL 84.65
Cheers!
NTPC trade ideas
NTPC WEAK NTPC looks weak as per daily TF
shorted @ 89.70 with sl 91.30 , tgt of 85
trading is highly risky business
above trades are no tips , they are my observation
any trade taken will be your own risk
i am not responsible for any profit or loss
If you looking to trade with such confidence get in touch .
Trading below all Averages - Bearish LongLost short term up trend line at around 92,85 then lost support at 92 after trying to reclaim it and got rejected quite harshly.
85 is the lower end of the Demand Zone after which is 70.90 where the local bottom was made on the 23rd of March.
Even though its lost its uptrend line am gonna double down at 85 since after being over sold we can only start creeping up the other way .
this one will have to be patient its at breaking point and in my opinion 1 last shake out before we ascend.
Get out of the trade if you're not comfortable and not planning on averaging down your buy.
Targets still the same .
Trendline touch ..up we go ? 116 nextDoubt this will loose this up trend line hence tight stop loss with a big position size..
On the 6hr a golden cross has just happened , its just a matter of time before it happens on the daily so look like a nice few weeks for this one.
Expecting one last rejection at 104 before we actually start trading above all moving averages and take that 12 year down trend line down.
Assuming Energy is only going to cost us more in future , these guys are also in Oil and Gas so why not .....
Down Trend since 2008.. 140 & 160 mid term With the Downtrend starting from 2008 this "Puclic sector undertaking" finally looks like it going to break on up after
132 or the down trend line is taken down , feel a pullback to 116 before it does get taken down .
On the lower time frame its looking nice and trying to reclaim this major resistance at 94.50 where in the last 12 years its played a key role.
This has been lagging a fair bit so should give a slow and steady gain.
Worth getting in for a big position size swing trade with a very tight Stop Loss since we are at 94.40 which is a key support.
If you're in this for the long term after 140 this should start flying no clue what the news or reason would be but double down now if you're holding from higher.
NTPC- Intraday Buy above 93.5NTPC- Intraday Buy ONLY above 93.25. Maybe carried fwd for a day, if required.
TGT: 95.25 - 96
SL: Below 92.25
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Had previously published intraday shorting for CONCOR, but later only realised that it was privately published.
NTPC - Trade No 08Trade No - 08
NTPC gives breakout and bullish closing on 5 june . This is a intra day trade.
Trading History -
- Buy - 95.65
- Sell- 98.15
- Stoploss - 94.90
- Quantity - 4800
- Profit / Loss - +11884.48
- Trade Taken - 05/06/2020
- Trade Close - 05/06/2020
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out.
Request your support by liking/commenting on ideas submitted.
NTPC - Trade No 05Trade No - 05
NTPC gives breakout and bearish closing on 4 june . This is a short selling trade.
Trading History -
- Sell - 94.95
- Buy - 93.75
- Stoploss - 95.70
- Quantity - -4800
- Profit / Loss - +6146.4
- Trade Taken - 03/06/2020
- Trade Close - 04/06/2020
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out.
Request your support by liking/commenting on ideas submitted.